Industrial Agitators Market 2021 In-depth Analysis By Current Impacting Factors, Business Opportunities and Challenges, Restraints and Forecast To 2027
Research Reports
Apr 16, 2021
Wilmington, April 2021: Axiom Market Research & Consulting™ added a report on global industrial agitators market which includes study on mounting, model, form, industry across various countries of key regions across the globe. The global industrial agitators market was projected to grow at a CAGR of 5.01% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the industrial agitators market.
Industrial agitators are machines used for mixing purposes across various end use industries such as chemicals, pharmaceuticals, food & beverage, oil & gas, cosmetics, paints & coatings and others. They are used to mix various process media including all solids, liquid types and gases. An agitator is usually made of shaft, impellers, mechanical seal, motor and gearbox. They can be mounted on the top, side or bottom side of the tanks or containers and are suitable for a large number of industrial applications of blending, heat transfer, homogenization, suspension, storage, fermentation, hydrogenation and many other processes.
The report analyses the global industrial agitators market based on mounting, model, form, industry and geography. By mounting, the market is segmented into top-mounted, side-mounted and bottom-mounted. Based on the model, the market is classified into large tank agitators, portable agitators, drum agitators and others. By form, the market is segmented into solid-solid mixture, solid-liquid mixture, liquid-liquid mixture and liquid-gas mixture. Based on industry, the market is classified into chemicals, paints & coatings, mining, food & beverage, pharmaceuticals and others.
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The key companies in the industrial agitators market are SPX FLOW (United States), Alfa Laval AB (Sweden), Xylem Inc (United States), Ekato group (Germany), Sulzer (Switzerland), Tacmina Corporation (Japan), Dynamix Agitators Inc (Canada), Philadelphia Mixing Solutions Ltd (United States), TIMSA (Spain), Woodman Agitator Inc (United States), White Mountain Process (United States), Euromixers Ltd (UK) and Teralba Industries (Australia).
Industrial Agitators Market Regional Trends
North America led the market and was valued at USD 982.60 million in year 2020. Whereas Asia Pacific is expected to be the fastest growing regional market growing at a CAGR of 5.66% from 2021 to 2027.
Industrial Agitators Market Segmental Highlights
- On the basis of model, large tank agitators held the largest share of industrial agitators market. Increasing need to expand business operations, growing demand for water and wastewater treatment are the key drivers of large tank agitators market
- Based on mounting, top-mounted segment dominated the market followed by side-mounted industrial agitators. The top-mounted industrial agitators segment registered a CAGR value of 5.26% for the forecast period. Increasing demand of chemicals across various end use sectors, booming food & beverage industry are the factors contributing to the growth of the segment
- On the basis of form, liquid-liquid mixture segment accounted for the largest share. It is also estimated to be the fastest growing segment of form. Growing significance of blending and liquid mixing processes in food, chemical, pharmaceutical, and beverage manufacturing industries is the major factor responsible for the segment’s growth
Research Objectives of Industrial Agitators Market Report:
- Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Industrial Agitators Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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